
Cheap Apartments for Rent in the 38157 ZIP Code of Memphis, TN from $300 (233 Rentals)
Search the lowest-cost Apartments available for rent right now in the 38157 ZIP Code area of Memphis.


El Dorado

The Residences at Lakeview

2336 Norman Ave

Total Monthly Price
Tiger Estates

2715 Cherry Rd, Unit 2407

High Point Apartments

Emerald Park Apartments

Barron Court

1645 Wells Station Rd
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

Woodlake Apartments

Emerald Ridge Apartments

Pinebrook Pointe

2565 Peres Ave

1540 Standridge St

Summer Trace Apartments

The District Apartments

Audubon Park Place- Utilities Included

Grahamwood Place

2715 Cherry Rd, Unit 1249
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Edgewater Apartments

Springdale Creek Apartments

Cedar Mill Apartments & Townhouses

Azure Place Apartments

Cherry Creek Apartments

The Residence Village Green

Summer Oaks Apartments

The Trails at Mt. Moriah

Lakes at Ridgeway

Monarch on Highland
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

Summerwood

Hickory Grove

Brentwood Parc

3725 Tutwiler Ave

The Park at Paisley

Courtyard @ Waring Park

The Junction

Twin Oaks

Cedar Run

Edge at Lakeview
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

Riverdale

The Park at Hollyford

Imperial Arms Apartments

Woodtrail Apartment

Graham Square Apartments

3583 Watauga Ave

The Canopy 2200

Mendenhall Gardens

Hickory Farms

The Park at New Castle
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Memphis, TN Local Guide

How much does it cost to rent an apartment in 38157?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38157 Studio Apartments | $975 | $581 | $1,888 |
| 38157 1 Bedroom Apartments | $949 | $550 | $3,318 |
| 38157 2 Bedroom Apartments | $1,081 | $550 | $3,253 |
| 38157 3 Bedroom Apartments | $1,376 | $550 | $3,645 |
| 38157 4 Bedroom Apartments | $844 | $550 | $2,623 |
Browse Apartments in the 38157 Zip Code of Memphis
Explore Memphis

Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.